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Nov 14, 2012 7:00pm PST
of the east asia summit in cambodia on november 20th. >>> u.s. president barack obama declared his intention to raise taxes on wealthy americans. he says he wants to discuss this openly with republicans who control the house of representatives. obama on wednesday held his first news conference since re-election. he expressed strong concern about expiring tax cuts and automatic spending cuts referred to as the fiscal cliff. unless lawmakers can agree by the end of this year to extend the tax cuts for middle class, the economy could plummet. >> we should not hold the middle class hostage while we debate tax cuts for the wealthy. we should at least do what we agree on, and that's to keep middle class taxes lower. >> obama stressed the u.s. cannot afford to extend tax cuts for the wealthiest 2% of the population if it wants to reduce the country's mounting deficit. obama asked for cooperation from republicans. he said he is open to compromise and open to new ideas that could bring about a rise in tax revenues. >>> let's check on the markets. first, looking at currencies. just having a
Nov 15, 2012 5:00pm EST
. -- asia into global economic decision making. president obama became the first u.s. president to join the east asia summit last year in bali. he will participate again this coming week in cambodia. this stress is a critically important aspect of our strategy. we are rebalancing our efforts within asia. we had been heavily invested in northeast asia for historical and other reasons. but we of really focus here in a renewed way on southeast asia. president obama is carving out new patterns for u.s. engagement in that nation. it is a very important concept, rebalancing within asia in terms of military assets, this policy -- diplomacy, and our efforts in general. our asia policy is moving toward southeast asia as additional emphasis. think about it. the 10 countries stretching across the indian and pacific ocean have a population of over 600 million people and combined are the third lobbyist -- third largest population in asia. since it astounding, it has grown from a modest form of regional cooperation. at its best, it plays a central role in crafting regional responses to shared challenges
Nov 15, 2012 6:00am PST
chance to talk more about that plan over the weekend. obama will begin a four-day tour of southeast asia on saturday. he will be visiting thailand and myanmar and will attend the east asia summit in cambodia. the president promised during his re-election campaign to put more pressure on china to make it meet basic international standards with respect to trade. but analysts say despite his plans the world's top economies are tightly woven together and that interactions will continue. >>> the south korean government welcomed china's new leadership. >> translator: we hope our relationship with china will develop farther and as a new leadership. >> the media gave extensive coverage to the news from the country's largest trading partner. owe yonhap news agency noted all seven member es of the communist party's political bureau's new standing committee have visited south korea. the agency said china's relations with south korea are expected to strengthen. >>> north korean leader kim jong-un has sent a congratulatory telegram to xi jinping. north korea's state-run media quoted the telegram
Search Results 0 to 3 of about 4 (some duplicates have been removed)